Commodity Market Update

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Oil prices jump, but oversupply worries persist SEOUL: Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in US crude stockpiles and ongoing concerns about the global economy kept markets under pressure.  Brent crude was up $1.18, or 2.26 percent, at $53.34 a barrel at 0219 GMT, having earlier risen as much as 3.1 percent. It dropped 4.24 percent, or $2.31, the day before to settle at $52.16 per barrel.  US West Texas Intermediate ( WTI) crude future s , were at $45.62 a barrel, up 2.26 percent, or $1.01, after earlier rising 3.6 percent. They ended Thursday down 3.48 percent, or $1.61, at $44.61 a barrel.  Oil prices fell to their lowest in more than a year on Thursday, a day after their biggest one-day rally in two years, pulled down by worries about the global economy and a supply glut. "For the time being, the stock market and the oil market will echo each other," said Ahn Yea-H...

Gold edges up but risk-on sentiment limits gains Gold prices inched higher on Thursday amid concerns about global economic growth and a partial US government shutdown, although a rebound in investor risk-appetite in the previous session limited gains.  FUNDAMENTALS  Spot gold rose 0.4 percent to $1,271.85 per ounce by 0102 GMT. In the previous session, the metal hit $1,279.06 an ounce, its highest since June 19.   US gold futures inched up 0.1 percent to $1,273.9 per ounce.  The dollar held its overnight gains versus its peers on Thursday, bolstered by a surge in US stocks and rising Treasury yields overnight.  The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy.  Sales in the 2018 US holiday shopping season rose 5.1 percent to over $850 billion, ...

घरेलू शेयर बाजार ने गिरावट के बाद अच्छी तेजी दिखाई है. यह तेजी कई जानकारों की उम्मीद से अच्छी रही है. 26 अक्टूबर से नवंबर के अंत तक निफ्टी करीब  8.4 फीसदी चढ़ा  है. बाजार में इस तेजी का कारण वैश्विक अर्थव्यवस्था में आया बड़ा बदलाव रहा. खासकर ब्रेंट क्रूड की कीमतों में आई बड़ी गिरावट से तेजड़ियों को बाजार पर अपनी पकड़ बढ़ाने में मदद मिली.  क्रूड की कीमतों में नरमी   से आयात खर्च घटेगा और अर्थव्यवस्था पर महंगाई का दबाव कम होगा. एक महीने के भीतर ब्रेंट क्रूड की कीमत $85 प्रति बैरल से करीब 30 फीसदी घटकर $59 प्रति बैरल पर आ गई. यदि कीमत इस स्तर पर बनी रहती है तो भारत कच्चे तेल के आयात पर खर्च होने वाली रकम में 21 अरब डॉलर (सालाना) की बचत कर सकता है. सितंबर-अक्टूबर में बाजार की पिटाई का असर अब भी नजर आ रहा है. मिडकैप और स्मॉलकैप सेगमेंट में इसके जख्म ज्यादा गहरें हैं. मार्केटकैप के आधार पर टॉप 1,000 शेयरों में से करीब 75 फीसदी शेयरों ने बीते एक साल में नकारात्मक रिटर्न दिया है. एक तिहाई शेयर 30 फीसदी से ज्यादा लुढ़के हैं. कच्चे तेल की कीमतों में कमजोरी ने महंगाई दर...

गोल्ड रेट टुडे: हाजिर बाजार में सोना चमका, चांदी फीकी नई दिल्ली:  विदेशी बाजारों में सोने में कमजोरी के बावजूद दिल्ली सर्राफा बाजार में इसकी चमक बुधवार को बढ़ गई. सोना बुधवार को 100 रुपये की तेजी के साथ 31,950 रुपए प्रति दस ग्राम पर पहुंच गया. कम भाव पर आई जेवराती मांग से सोने की चमक बढ़ी. औद्योगिक ग्राहकी में सुस्ती से चांदी की चमक फीकी पड़ गई . यह 140 रुपए फिसलकर 37,600 रुपए प्रति किलोग्राम पर आ गई. दुनिया की अन्य प्रमुख मुद्राओं के बॉस्केट के मुकाबले डॉलर के मजबूत होने से विदेशी बाजारों में पीली धातु पर दबाव बढ़ा है. लंदन का सोना हाजिर 3.40 डॉलर की गिरावट के साथ 1,234.95 डॉलर प्रति औंस पर आ गया. अंतरराष्ट्रीय बाजार में चांदी बुधवार को 0.07 डॉलर की गिरावट के साथ 14.44 डॉलर प्रति औंस पर आ गई.  बाजार के विश्लेषकों के मुताबिक, डॉलर के मजबूत होने के निवेशकों का रुझान सुरक्षित निवेश में घटा है. सोना स्टैंडर्ड 100 रुपए की तेजी के साथ 31,950 रुपए प्रति 10 ग्राम पर पहुंच गया. सोना बिटुर भी 100 रुपए की तेजी के साथ 31,800 रुपए प्रति 10 ग्राम पर पहुंच गया. हालांकि, आठ ग्...

Gold prices firm as dollar eases on cautious Fed speech  BENGALURU: Gold prices held firm on Thursday after notching up their biggest daily percentage gain in nearly two weeks in the previous session, with the dollar easing on dovish comments from Federal Reserve Chair Jerome Powell.  FUNDAMENTALS  Spot gold had inched up 0.1 percent to $1,221.73 per ounce by 0127 GMT. Prices gained about 0.6 percent on Wednesday, their biggest one-day percentage gain since Nov. 16.  US gold futures were down 0.2 percent at $1,221.6 per ounce.  The dollar index, which measures the greenback against a basket of six major currencies, slipped about 0.6 percent on Wednesday, its steepest percentage decline since Nov. 1.   Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy US economy, comments that many in...

Oil markets cautious after recent battering, eye G20 and OPEC meetings  OilNSE 1.60 % markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of the G20 gathering in Argentina this weekend and the OPEC meeting in Austria next week. US West Texas Intermediate (WTI) crude futures were at $51.52 per barrel at 0011 GMT, down 11 cents, or 0.2 percent from their last settlement.  International Brent crude oil futures had yet to trade but had barely hung on to $60 per barrel at the end of the previous day after Friday's price plunge.  Since their most recent peaks in early October, oil prices have lost almost a third of their value, weighed down by an emerging supply overhang and by widespread weakness in financial markets  "The recent weakness seems ... to have been driven by a wider impending sense of doom amidst weak equities, geopolitics, subsequent softening demand, and increasing supply," said Jack Allardyce...

Gold Rate Today: Gold slips on weak cues, lackluster demand  NEW DELHI: Gold price declined slightly in Monday's session amid weak cues from the global market and fall in demand from local jewelers.  In global markets, gold prices were lackluster as dollar's rise amid concerns of weak global economic growth weighed on bullion, while investors eyed signals of an ebbing trade war ahead of the G-20 meet.  Around 10:25 am, the MCX Gold was trading at Rs 30,456 per 10 grams, down by Rs 39. However, silver price saw some traction in the futures market. The MCX Silver was trading at Rs 36,134 a kilo, higher by Rs 73 at that time.         Date Gold Spot Price Rs/10 grms (Ahmedabad) Gold Future Price Rs/10 grms Expiry: 05-Dec-2018     26-11-2018     30834.0     30507.0     23-11-2018     0.0 ...